EXHIBIT 1
City of Alameda
Appropriations Limit Calculation
Fiscal Year 2023-24
I. Calculation of Appropriations Limit:
F
iscal Year 2022-23 Appropriations Limit $152,224,398
Adjustment Factors
a. Cost of Living (Change in Non-residential New
Construction) 1.0445
b. Population Change (Change in City
population) 0.9980
Change Factor (a. x b.) 1.0424110
Fiscal Year 2023-24 Appropriations Limit $158,680,387
II. C
alculation of appropriations subject to the Appropriations Limit:
Fiscal Year 2023-24 Budgeted General Fund Revenue $128,395,957 Add: State Subventions Pursuant to Gov't Code Section 7903 3,000,000 Less: Non-proceeds of taxes (14,117,050)
Total FY 2023-24 appropriations subject to the Appropriations Limit: $117,278,907 Percent (%) of Appropriations Limit 74%
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EXHIBIT 1
City of Alameda
Proceeds of Taxes Calculation
Fiscal Year 2023-24
Revenue Source
Proceeds of
Taxes
Non-proceeds
of Taxes Total Revenue
Property Taxes 48,254,500 $ - $
48,254,500$
Sales & Use Tax 21,600,000 - 21,600,000
Property Transfer Tax 13,000,000 - 13,000,000
Utility User Taxes 9,210,000 -
9,210,000
Transient Occupancy Tax 3,300,000 -
3,300,000
Business License Tax 2,600,000 -
2,600,000
Franchise Fees -
3,179,000 3,179,000
AMP Return on Investment (ROI) -
1,088,000 1,088,000
Motor Vehicles License Fee In-Lieu 11,725,000 - 11,725,000 Licenses and Permits - 800 800
Fines and Forfeitures -
185,000 185,000
Payment In Lieu of Taxes 1,348,000 -
1,348,000
Construction Improvement Tax 1,000,000 -
1,000,000
Proposition 172 Sales Tax -
900,000 900,000
Other Departmental Revenues/Rents -
8,710,657 8,710,657
Transfers In 5,106,000 -
5,106,000
Total, before interest allocation 117,143,500 14,063,457 131,206,957 Percentage of total revenue 89.28% 10.72% 100.00%
Interest allocation 446,407 53,593 500,000
Total 117,589,907$ 14,117,050$ 131,706,957$
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